SYSTEMS AND METHODS FOR UTILIZING SENSOR INFORMATICS TO DETERMINE INSURANCE COVERAGE AND RECOVERABLE DEPRECIATION FOR PERSONAL OR BUSINESS PROPERTY

• US 20160005130A1
• Filed: 07/07/2014
• Published: 01/07/2016
• Est. Priority Date: 08/16/2013
• Status: Abandoned Application

• Current Assignee: United Services Automobile Association
• Original Assignee: United Services Automobile Association
• Inventors: Devereaux, Ramsey, Allen, Michael J., Read, Spencer, Franck, David S., Wheeler, Daniela, Swain, Kathleen L., Burgess, Cleburne R.
• Application Number:
  US14/324,609
• Publication Number:
  US 20160005130A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06F 2218/12 Classification; Matching
• CPC Class Codes: G06Q 10/20 Administration of product repair or maintenance
• CPC Class Codes: G06Q 2220/00 Business processing using cryptography postage metering system using cryptography G06Q2250/05
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: G06Q 50/16 Real estate
• CPC Class Codes: G06V 20/176 Urban or other man-made structures

Abstract

A computer device and method for processing data to determine insurance coverage for objects and associated recoverable depreciation based upon informatic data. Informatic data is received from one or more informatic sensor devices relating to one or more objects associated with an insured property. Computer analysis is performed on the received informatic data to determine an insurance claim event for at least one of the one or more objects associated with the insured property. Computer analysis is also performed on the received informatic data to determine if recoverable depreciation is applicable to a determined insurance claim.

Claims

1. A computer system for processing data, comprising:

a memory configured. to store instructions;

a processor disposed in communication with the memory, wherein the processor upon execution of the instructions is configured to;

receive informatic data from one or more informatic sensor devices relating to one or more objects associated with an insured property;

perform analysis on the received informatic data to determine an insurance claim event for at least one of the one or more objects associated with the insured property; and

perform analysis on the received informatic data to determine if recoverable depreciation is applicable to a determined insurance claim.

2. A computer system as recited in claim 1, wherein the processor upon execution of the instructions is further configured to:

receive an insurance policy associated with the insured property;

analyze the insurance policy to identify one or more relevant sections of the insurance policy relating to the determined insurance claim event regarding the at least one object; and

apply predefined business rules using the determined insurance claim event and relevant sections of the insurance policy to determine if the insurance policy supports an insurance claim regarding the determined insurance claim event.

3. A computer system as recited in claim 2, wherein the processor upon execution of the instructions is further configured to provide notification to an insured that identifies an insurance claim for the determined insurance claim event that is supported by the insurance policy wherein the notification further identifies the determined applicability of recoverable depreciation for an insurance claim.

4. The computer system as recited in claim 1, wherein the processor upon execution of the instructions is further configured to determine one or more third party vendors regarding repairs to be made regarding the determined insurance claim event.

5. The computer system as recited in claim 4, wherein the processor upon execution of the instructions is further configured to schedule repair services for the at least one object from one or more of the determined third party vendors.

6. The computer system as recited in claim 1, wherein the processor upon execution of the instructions is further configured to identify product documentation relating to the at least one object.

7. The computer system as recited in claim 6, wherein the product documentation includes a service manual related to the at least one object.

8. The computer system as recited in claim 1, wherein at least one camera sensor device detects indicia associated with the at least one object located in the insured property wherein analysis of the indicia determines insurance coverage for the at least one object.

9. The computer system as recited in claim 8, wherein the indicia is provided by an insurance company providing insurance coverage for the at least one object.

10. A computer system as recited in claim 1, wherein analysis for determining recoverable depreciation for the at least one object includes:

determining if an insured has replaced an object regarding an insurance claim; and

determining the value or replacement cost of the replaced item.

11. A computer system as recited in claim 1, wherein determining recoverable depreciation includes:

determining if an insured has repaired an object regarding an insurance claim; and

determining the value of the repaired object or cost to repair or restore the repaired item to its pre-loss condition.

15. The computer system as recited in claim 11, wherein the processor upon execution of the instructions is further configured to identify product documentation relating to the at least one object.

16. The computer system as recited in claim 15, wherein the product documentation includes a service manual related to the at least one object.

12. A computer system for processing data, comprising:

a memory configured to store instructions;

a processor disposed in communication with the memory, wherein the processor upon execution of the instructions is configured to;

receive informatic data from one or more informatic sensor devices relating to one or more objects associated with an insured property;

perform analysis on the received informatic data to determine an insurance claim event for at least one of the one or more objects associated with the insured property;

receive an insurance policy associated with the insured property;

analyze the insurance policy to identify one or more relevant sections of the insurance policy relating to the determined insurance claim event regarding the at least one object;

apply predefined business rules using the determined insurance claim event and relevant sections of the insurance policy to determine if the insurance policy supports an insurance claim regarding the determined insurance claim event; and

perform analysis on the received informatic data to determine if recoverable depreciation is applicable to a determined insurance claim.

13. The computer system as recited in claim 12, wherein the processor upon execution of the instructions is further configured to determine one or more third party vendors regarding repairs to be made regarding the determined insurance claim event.

14. The computer system as recited in claim 13, wherein the processor upon execution of the instructions is further configured to schedule repair services for the at least one object from one or more of the determined third party vendors.

17. A computer system as recited in claim 12, wherein analysis for determining recoverable depreciation for the at least one object includes:

determining if an insured has replaced an object regarding an insurance claim; and

determining the value or replacement cost of the replaced item.

18. A computer system as recited in claim 12, wherein determining recoverable depreciation includes:

determining if an insured has repaired an object regarding an insurance claim; and

determining the value of the repaired object or the cost to repair or restore the repaired item to its pre-loss condition.

19. A computer implemented method for processing insurance data comprising:

receive, by processor, informatic data from one or more informatic sensor devices relating to one or more objects associated with an insured property;

perform, by processor, analysis on the received informatic data to determine an insurance claim event for at least one of the one or more objects associated with the insured property;

receive, by processor, an insurance policy associated with the insured property;

analyze, by processor, the insurance policy to identify one or more relevant sections of the insurance policy relating to the determined insurance claim event regarding the at least one object;

apply, by processor, predefined business rules using the determined insurance claim event and relevant sections of the insurance policy to determine if the insurance policy supports an insurance claim regarding the determined insurance claim event; and

perform analysis on the received informatic data to determine if recoverable depreciation is applicable to a determined insurance claim.

20. The computer implemented method as recited in claim 19, wherein the object is an appliance.